IQ Apartments

Explanatory Notes 237 Units including 3 Commercial Units, 3 Retail Units and 2 Restaurants

Contributed by all units in accordance with their units of entitlement

GENERAL SCHEDULE

Bank Charges, Bas Lodgement, IT Charges, Storage, Printing, Copying, Postage & Stationary, Tax Lodgement and Management Fees as per current agency agreement Allowance to obtain professional sinking fund forecast. Estimate based on scale of fees provided by QIA Group @ $14.44 per lot. Nominal amount to cover the cost of extraordinary rubbish removal, i.e. boxes left due to residents moving in. Note that residents and commercial are responsible to remove their own surplus non household waste however it is expected that there will be instances where non household waste is simply dumped on common property and will require removal. An allowance has been made for additional pick-ups in the initial 4-6 weeks. Excess budget in this category allows for the cost of extraordinary rubbish collection by the cleaners and/or caretaker Allowance for rental of telephone lines required for Fire Indicator Panel and 8 lifts charged approx $450 per line. Allowance based on our general understanding of the building with reference to other similar buildings in our portfolio Expenses relating to the cost of communal power for common area lighting and mechanical equipment @ $220 per unit. Plus an allowance for operating the Lifts and other electrical motors such as pumps/roller doors @ $12800. Expenses relate only to B1, B2, Ground Floor and residential common areas. Consumption for building hot water plant metered separately by each residential and commercial/retail tenant. Therefore no allowance has been made for this budget Allowance based on our general understanding of the building with reference to other similar buildings in our portfolio Sprinklers only installed in B2, B1 and Ground Floor. Allowance for service contract for fire systems of mixed commercial/retail & 2 levels of car parks (for residential units). Assumes that 12 months service is provided from the date of completion.

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Bundled Disbursements

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Sinking Fund Forecast

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Trade Waste

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Telephone

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Cleaning

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Electricity

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Gas

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Insurance Building & Stamp Duty

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Fire Protection